TAX DEDUCTED AT SOURCE

This query is : Resolved 

17 November 2007 what is TCD(tax collected at source)?
What is the diference between TDS & TCD?

17 November 2007 when the payer deducts , it is called Tax deducted at source........but when payee collects the tds also and makes payment it is called TCS

17 November 2007 TDS : Payer deducts

TCS : Payee collects TDS and also makes its payment.

19 November 2007 TDS:- Tax Deducted at Source (The payer deduct the taxes on specified expenditures/ payments)

TCS:- Tax Collected at Source (The seller/ payee collect taxes from the payer)

26 November 2007 Thanks a lot to all of u


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